Mitch's Weekly Market Report
Indianapolis, IN 46239
Condos/Townhomes
Email: Mitch@ToHelpUmove.com | Phone: (317) 223-1673
Indianapolis, IN 46239
Fri Jun 12 2026
This week the median list price for Indianapolis, IN 46239 is $239,747 with the market action index hovering around 31. This is less than last month's market action index of 38. Inventory has increased to 4.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Real-Time Market Profile
| Median List Price | $239,747 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $139 | |
| Average Days on Market | 219 | |
| Median Days on Market | 196 | |
| Price Decreased | 100% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 4 | |
| Median Rent | ||
| Market Action | 31 | |
| Slight Seller's Advantage | ||
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $298,900 | 2,025 | 0.25 - 0.5 acre | 3 | 2.5 | 2 | 0 | 0 | 168 |
| $284,495 | 1,537 | 6,500 - 8,000 sqft | 2 | 2 | 5 | 0 | 0 | 224 |
| $195,000 | 1,494 | 4,500 - 6,500 sqft | 4 | 2.5 | 21 | 0 | 0 | 357 |
| $175,000 | 1,602 | 0 - 4,500 sqft | 4 | 3 | 19 | 0 | 0 | 126 |